Senior Actuarial Analyst - Model Development
Global Atlantic
- Des Moines, IA
- $60,500-115,500 per year
- Permanent
- Full-time
- Developing models and performing thorough and timely pricing and risk analysis, including both statutory and GAAP profitability measures
- Enhance existing model and onboarding new models (for new reinsurance deals) for financial reporting production
- Perform financial and risk analysis and assess statutory and GAAP profitability measures using MG-ALFA actuarial model results and Excel spreadsheet calculation tools
- Preparing model documentation and supporting audit and regulatory requests
- Review and calculation of capital, requirements, Statutory reserves and GAAP reserves
- Working in the life insurance industry with a background in a range of life insurance products offered and specialized expertise with the various types of complex products such as Universal Life
- Modeling of cash flows, reserves, regulatory filing and software implementation of individual life insurance products.
- Familiarity with actuarial modeling software systems, such as MG-ALFA and AFM, used for cash flow projections of insurance business
- Utilizing database software system such as SAS, R, Python, or SQL
- Responding to ad-hoc actuarial requests, including new business case design, product marketing material review and actuarial, reinsurance, tax and other calculations as needed by various stakeholders in an insurance company
- Education and experience equivalent to a four-year college degree in actuarial science, mathematics, statistics, finance, or other related field is required
- Two or more years of experience in the life/annuity insurance industry is required
- Direct experience with MG ALFA and Integrate or other actuarial valuation / projection software is required
- Demonstrated high competency to solve complex calculations and understand technical written material
- Strong communication, technical and analytical skills
- Ownership - Takes personal accountability for the execution of goals and objectives
- Innovative - Able to participate in the generation of new and unique ideas
- Teamwork - Positive attitude necessary to be part of a strong performing team
- Actuarial Role with Student Program Support
- Minimum of three Actuarial Exams previously complete with the candidate continuing to make active progress towards ASA or FSA
- The role is not currently expected to manage other individuals
- New York: StreetWise Partners, Covenant House, Partnership for New York City, City Meals on Wheels, Habitat for Humanity, Billion Oyster Project
- Boston: Cradles to Crayons, Boston's Healthcare for the Homeless, Thompson Island Outward Bound, Rosie's Place, Catie's Closet, Project Bread, Rise Against Hunger, Space to Thrive
- Hartford: Junior Achievement, Habitat for Humanity, Oliver's Pajama, United Way
- Indianapolis: Elevate Indianapolis, Gleaners Food Bank and the Juvenile Diabetes Research Foundation
- Batesville: So Loved Ripley County Foster Closet, Safe Passage Family Shelter, YES Home Juvenile Rehabilitation, Ripley County Community Foundation
- Des Moines: United Way of Central Iowa, Meals from the Heartland, Junior Achievement, Math Motivators, Bidwell Riverside, Orchard Place, Knock and Drop
- Berwyn/Wayne: Habitat for Humanity, Chester County Food Bank, Surrey Services, For Pete's Sake Respite
- Bermuda: Keep Bermuda Beautiful, Center Against Abuse, Truck Island Nature Reserve, Bermuda Economic Development Corporation